Marine Harvest ASA (OTCMKTS:MHGVY) Short Interest Update

Marine Harvest ASA (OTCMKTS:MHGVY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 4,237 shares, an increase of 103.8% from the July 15th total of 2,079 shares. Based on an average daily trading volume, of 36,368 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MHGVY shares. Pareto Securities cut shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Kepler Capital Markets upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marine Harvest ASA currently has an average rating of “Strong Buy”.

Marine Harvest ASA Stock Performance

Shares of Marine Harvest ASA stock opened at $21.43 on Monday. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 11.40 and a beta of 0.92. The firm’s 50-day moving average is $20.17 and its 200 day moving average is $21.70. Marine Harvest ASA has a 1 year low of $18.06 and a 1 year high of $24.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.15 and a quick ratio of 1.02.

About Marine Harvest ASA

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.